Microsoft Corporation (NASDAQ:MSFT) and Salesforce.com, inc. (NYSE:CRM) announced plans to extend their strategic partnership to connect the Salesforce Customer Success Platform to Microsoft Office productivity apps and services. The two leaders plan to deliver new solutions that integrate Salesforce with Skype for Business, OneNote, Delve and Windows 10 to empower companies to connect with their customers and collaborate more effectively.
Microsoft and Salesforce continue to deliver on their strategic partnership with the general availability of two new integrations announced in October 2014: Salesforce App for Outlook, which works with Outlook 2013 and Office 365, and Salesforce1 Mobile App for Microsoft Office.
New Integrations to Make Joint Customers More Productive Than Ever Before
Microsoft and Salesforce have committed to working together to bring the following solutions to life:
- Skype for Business Integration with Salesforce Lightning Experience: Salesforce will integrate Skype for Business (formerly known as Lync) into its new Lightning Experience, a modern and re-imagined Salesforce that combines an intelligent new user experience with proven best practices that enable people to work faster and smarter. Office 365 customers will be able to use Skype for Business to create Web meetings, determine if colleagues are online or not, click to chat and make voice and video calls from the Salesforce Lightning Experience. A preview is anticipated in the second half of 2016.
- OneNote Integration with Salesforce Lightning Experience: Users will be able to associate notes with Salesforce records, and view and edit notes directly in OneNote from the Salesforce Lightning Experience. A preview is anticipated in the second half of 2016.
- Salesforce Integration with Office Graph and Office Delve: Enabled by the Office Graph, an open ecosystem for sharing, collaboration and discovery, Office 365 users will be able to view and discover Salesforce content in Office Delve, such as sales opportunities, customer accounts and service cases. Availability is anticipated in the second half of 2016.
- Salesforce1 Mobile App for Windows 10: Salesforce will deliver a Windows 10 app to empower sales teams to move deals forward while on the go, using their favorite Windows device. Availability is anticipated in the second half of 2016.
Comments on the News:
- “Customer success is at the heart of everything we do at Salesforce, including our partnership with Microsoft,” said Marc Benioff, Chairman and CEO, Salesforce. “Our collaboration has been so successful, now we’re doubling down and delivering even more innovation that will help our mutual customers be more productive and connect with their customers in a whole new way.”
- “Furthering our mission to empower every person and organization on the planet to achieve more, is the motivating force behind our partnership with Salesforce,” said Satya Nadella, CEO, Microsoft Corp. “As a platform and productivity company, we are focused on bringing together the best of Microsoft Azure, Office and Windows with partners like Salesforce to empower our mutual customers to network, collaborate, communicate and discover information in more effective ways.”
- “As a global company with more than 400 brands, we are always looking for ways to strengthen collaboration across departments and take the complexity out of work,” said Paulo De Sa, VP Employee Services Technology, Unilever. “Together, Salesforce and Microsoft Office are helping us create an integrated digital workplace where our 170,000+ employees around the world can be more productive and connect with each other and with customers like never before.” (Original Source)
Shares of Microsoft closed today at $44.30, up $0.32 or 0.73%. MSFT has a 1-year high of $50.05 and a 1-year low of $39.72. The stock’s 50-day moving average is $44.81 and its 200-day moving average is $44.51.
On the ratings front, Microsoft has been the subject of a number of recent research reports. In a report released yesterday, Piper Jaffray analyst Katherine Egbert maintained a Buy rating on MSFT, with a price target of $53, which represents a potential upside of 20.5% from where the stock is currently trading. Separately, on September 14, Evercore ISI’s Kirk Materne reiterated a Buy rating on the stock and has a price target of $54.
According to TipRanks.com, which ranks over 7,500 financial analysts and bloggers to gauge the performance of their past recommendations, Katherine Egbert and Kirk Materne have a total average return of 1.8% and 14.5% respectively. Egbert has a success rate of 53.2% and is ranked #1723 out of 3759 analysts, while Materne has a success rate of 68.4% and is ranked #792.
The street is mostly Bullish on MSFT stock. Out of 18 analysts who cover the stock, 12 suggest a Buy rating , 4 suggest a Hold and 2 recommend to Sell the stock. The 12-month average price target assigned to the stock is $53.45, which implies an upside of 21.6% from current levels.